Investment analysts at StockNews.com started coverage on shares of Culp (NYSE:CULP – Get Free Report) in a report issued on Sunday. The firm set a “hold” rating on the textile maker’s stock.
Culp Trading Up 3.7 %
Shares of CULP stock opened at $5.42 on Friday. The firm has a fifty day simple moving average of $5.45 and a 200-day simple moving average of $5.41. The company has a market capitalization of $68.09 million, a PE ratio of -3.23 and a beta of 1.18. Culp has a twelve month low of $4.25 and a twelve month high of $6.85.
Culp (NYSE:CULP – Get Free Report) last issued its quarterly earnings data on Wednesday, December 4th. The textile maker reported ($0.29) EPS for the quarter. Culp had a negative return on equity of 22.50% and a negative net margin of 9.43%.
Insider Buying and Selling at Culp
Institutional Inflows and Outflows
An institutional investor recently raised its position in Culp stock. Geode Capital Management LLC lifted its holdings in shares of Culp, Inc. (NYSE:CULP – Free Report) by 14.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,825 shares of the textile maker’s stock after buying an additional 12,830 shares during the period. Geode Capital Management LLC owned 0.83% of Culp worth $680,000 at the end of the most recent reporting period. 75.05% of the stock is owned by institutional investors and hedge funds.
Culp Company Profile
Culp, Inc manufactures, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in the United States, North America, the Far East, Asia, and internationally. It operates in two segments, Mattress Fabrics and Upholstery Fabrics.
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